Tokenomics, Risks, Technical Analysis, and Current Price (Note: I'm newbies so that my poor analysis)
XRP, Ripple's native token, is designed primarily for efficient cross-border payments. It has a fixed supply of 100 billion tokens, with a significant portion held by Ripple Labs to manage liquidity and development. The token facilitates near-instant transactions with minimal fees.
Total - 100 billions Founder - 20 billions Ripple Labs - 7 billions Early Investors - 40 billons
Key risks include regulatory challenges, such as ongoing litigation with the SEC. Despite some recent favorable outcomes, future legal uncertainties could affect its adoption. Additionally, competition in the crypto and payment spaces poses a challenge, as does volatility, which may deter conservative investors.
XRP has shown strong bullish momentum in recent weeks. Key levels include a psychological resistance at $3.00, with support at $2.23. Breakouts above these levels could signal further rallies, while failures might trigger correctionss
XRP's price is approximately $2.61 today, reflecting its ongoing market recovery and high trading volume and according to 1 week chart RSI ratio is 91% (over) but look forward to the value? TA is not need necessarily and value is market set alot.
Watch to happen to New and Buy/Hold/Sell! Sincerely hope $XRP will break through 3$ up though
What do you think of …. Hit $….?
The ongoing $XRP vs. SEC case continues to stir market speculation, with investors closely watching for any developments that could push XRP beyond $3.
The potential for a major rally depends on legal clarity, growing adoption, and market conditions.
For holders, the debate remains: buy on optimism, hold for potential breakthroughs, or sell amid uncertainty.
Analysts remain divided, but a bullish sentiment dominates among XRP supporters who foresee significant price movement….
The Telegram-native Dogs Coin ($DOGS ) has been experiencing volatility since its recent launch, with its price dropping significantly from initial highs but showing signs of stabilization.
Analysts suggest that $DOGS has potential for recovery, particularly as buying interest increases and selling pressure eases.
However, the coin remains speculative, with a heavy reliance on community engagement and its integration within Telegram’s TON ecosystem.
If you’re holding, it might be worth monitoring market trends, while those considering selling should weigh the risks of potential rebounds against further dips…..
Today’s XRP news highlights growing investor speculation about the potential resolution of the ongoing Ripple vs. SEC case.
Despite no new updates directly from the case, recent developments, such as SEC scrutiny over past actions and a court order questioning SEC’s transparency, have added pressure on the regulatory body.
The Ripple community remains optimistic about a favorable settlement or court ruling, especially with remedies-related proceedings expected to conclude in early 2024.
XRP’s price has seen minor gains, supported by broader market trends and optimism around potential crypto regulatory shifts.
Think about it deeply; Actually they took money (ton, tele star) as donations from people and returned only half or smaller amounts of it, like X, HMST, Cats, CAT, etc…. So trash is trash and don’t waste your time for scam bot